Dhoot Transmission544867Quarterly results

Board approves Q2 FY27 results; auditor review finds no material misstatement

Board met on November 3, 2026 (1:00 p.m. to 2:50 p.m.) and approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.

By ScoutQuest · Tue 3 Nov 2026, 3:08 PM IST · 3 min read

Consolidated · ₹ million · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Revenue from operations	18,272.05	11,368.00	+60.7%	14,464.15	+26.3%
Total income	18,423.36	11,525.11	+59.9%	14,600.70	+26.2%
Profit before tax	1,568.58	1,546.96	+1.4%	1,739.49	−9.8%
Profit after tax	1,178.24	1,182.32	−0.3%	1,326.70	−11.2%
Total comprehensive income	1,190.58	1,209.02	−1.5%	1,311.87	−9.2%
Basic EPS	5.98	7.33	−18.4%	7.04	−15.1%

Total Income Growth YoY: +59.9%
Total Income Growth QoQ: +26.2%
Profit After Tax Change QoQ: −11.2%
Period: Quarter ended September 30, 2026

Auditor's review

Conclusion: Unmodified

Notes to the results

Consolidated exceptional items of 547.61 (INR Millions) for the quarter ended September 30, 2026 (Refer note 5).
Standalone exceptional items of 397.51 INR Millions: advisory and consultancy services 300.31 and IPO expenses 97.20.
IPO completed; fresh issue of 16,080,445 shares aggregating INR 14,000 million; shares listed on NSE and BSE on August 17, 2026.
Figures for quarter and half year ended September 30, 2025 have not been subjected to limited review by the statutory auditors.

What the board approved

The Board of Directors met on November 3, 2026 from 1:00 p.m. to 2:50 p.m. and approved the unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026, together with the statement of assets and liabilities and the cash flow statement. The results are accompanied by limited review reports from Price Waterhouse Chartered Accountants LLP, and the company said it is arranging to publish the results in newspapers and upload them on its website.

What the auditor's review says

For both the standalone and the consolidated statement, the auditors state that nothing has come to their attention that causes them to believe the statement has not been prepared in all material respects in accordance with the applicable accounting standards, or that it contains any material misstatement. This is a review conclusion, not an audit opinion, which is the normal scope for interim results.

Standalone performance (amounts as printed, in INR Millions)

Revenue from operations was 12,635.68 for the September 2026 quarter and 23,409.97 for the half year ended September 30, 2026.
Profit for the period was 136.11 for the September 2026 quarter, against 572.37 in the quarter ended June 30, 2026.
The quarter included exceptional items of 397.51. The notes describe these as advisory and consultancy services (including business strategy and restructuring advice from Bain Capital Advisors (India) Private Limited), the statutory impact of the new Labour Codes, and expenses relating to the initial public offering. The advisory cost is described as non-recurring and strategic in nature.
The company reports a single operating segment: automotive wiring harness and ancillary components.

Initial public offering and use of proceeds

The equity shares were listed on NSE and BSE on August 17, 2026. The fresh issue was of 16,080,445 equity shares at an issue price of INR 871 per share. Of the net IPO proceeds available for utilisation, 5,473.34 (in INR Millions) was still unutilised as at September 30, 2026, earmarked for identified objects including repayment of borrowings, investment in subsidiaries, a new wiring harness manufacturing plant and inorganic growth.

Other points from the notes

The company sub-divided its equity shares from a face value of INR 100 per share to INR 2 per share, and issued bonus equity shares in the ratio of 2:3 (two fully paid-up equity shares of INR 2 each for every three held).
Employee stock options were granted during the quarter under the DTL Employee Stock Option Plan 2025, and equity shares were allotted on exercise of options during the half year.

How a retail investor can read this

The update is a routine quarterly results disclosure. The headline takeaway is the gap between the two quarters: revenue moved up sequentially, but profit for the period fell, with exceptional items sitting in the September quarter. Because the company listed only in August 2026, this is one of its first result sets as a listed entity, and the proceeds of the issue are still largely unspent, so how they are deployed in coming quarters is the item to track.

₹5,473.34 MnNet IPO proceeds unutilised as on September 30, (INR Millions

Profit before tax, latest quarter1,568.58 (INR Millions)

Profit before tax, year-ago quarter1,546.96 (INR Millions)

Profit after tax, year-ago quarter1,182.32 (INR Millions)

Profit after tax, latest quarter1,178.24 (INR Millions)

Net IPO proceeds unutilised as on September 30, (INR Millions ₹5,473.34 Mn: Profit before tax, latest quarter 1,568.58 (INR Millions), Profit before tax, year-ago quarter 1,546.96 (INR Millions), Profit after tax, year-ago quarter 1,182.32 (INR Millions), Profit after tax, latest quarter 1,178.24 (INR Millions).

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